This is a Q4 news story, published by Investor's Business Daily, that relates primarily to Harrison Miller news.
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Nike revenueInvestor's Business Daily
•82% Informative
Nike reported a 50% increase in Q4 earnings to 99 cents per share.
Revenue dipped 2% to $12.6 billion after sales growth slowed the last five quarters .
Oppenheimer reinstated Nike as a top megacap pick on Friday .
Nike 's 2024 revenue was essentially flat at $51.36 billion and fell short of forecasts for a small bump.
Executives during the company's Q3 call said they plan to lean into wholesale and retail channels, and pivot focus from its Nike direct and e-commerce channels. You can follow Harrison Miller for more stock news and updates on X/Twitter @IBD_Harrison YOU MAY ALSO LIKE:.
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